1407 Franklin ST, Michigan City, IN 46360
1407 Franklin ST, Michigan City, IN 46360
1407 Franklin ST, Michigan City, IN 46360
30
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$299,000
Est. payment /mo
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4,336 SqFt
Active Under Contract

1407 Franklin ST Michigan City, IN 46360

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,336 sqft

Price per Sqft $68

MLS Listing ID 840570

HOA Y/N No

Year Built 1928

Annual Tax Amount $4,611

Tax Year 2025

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Mixed Use

Property Description

Versatile mixed-use commercial property with classic architecture is ideally positioned near the new South Shore commuter train station and The Franklin at 11th Street Station, a landmark 12-story luxury apartment development bringing new energy, residents, and momentum to downtown Michigan City. With the South Shore Line connecting Chicago's Millennium Station near Millennium Park to the South Bend International Airport, this value-add asset offers exceptional visibility and accessibility for commuters, tourists, and local patrons alike. Whether your vision is a vibrant cafe or delicatessen for morning commuters, a boutique retail space showcasing local makers, or another business concept that serves Michigan City's growing downtown, this property provides the ideal canvas. The opportunity extends beyond the commercial space. The upper level features an impressive 2,000-square-foot residential unit with 3 bedrooms and 1 bath, offering flexibility for owner occupancy or potential short-term rental use. Sunlight fills the apartment through oversized windows, highlighting the original hardwood floors and timeless character throughout. The spacious living room includes a charming library nook, while the formal dining room creates an inviting setting for intimate gatherings and fireside conversations. From the scenic shores of Lake Michigan to downtown boutiques, restaurants, arts, entertainment, and the expanding commuter corridor, this property is surrounded by reasons for people to live, work, visit, and invest in Michigan City. Additional incentives may be available through local improvement grants connected to the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone. Bring your vision and a hammer to capture the moment to be a part of Michigan City's continued growth and position your business, investment, or lifestyle vision in one of the city's most exciting downtown locations.

Location

State IN

County La Porte

Rooms

Basement Storage Space, Unfinished

Interior

Heating Forced Air

Fireplace N

Appliance Gas Range, Water Heater, Refrigerator, Microwave

Exterior

Exterior Feature None

Parking Features On Street

View Y/N true

View City

Building

Lot Description Near Public Transit

Sewer Public Sewer

Water Public

Others

Tax ID 460132228013000022

Acceptable Financing NRA20260609221418785935000000

Listing Terms NRA20260609221418785935000000

Listed by @properties/Christie's Intl RE • Giorgios Karayannis

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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1407 Franklin ST